WPI inflation for clothing up 0.1% in March 2020

The official WPI for all commodities (Base: 2011-12 = 100) for the month of March 2020 declined by 0.9 per cent to 122.1 from the previous month’s level of 122.2, the data showed.

The index for manufactured products (weight 64.23 per cent) for March 2020 remained unchanged at its previous month level of 118.7. The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 0.1 per cent to 138.0 from 137.8 for the previous month due to higher price of woven apparel, except fur apparel (1 per cent). However, the price of knitted and crocheted apparel declined 1 per cent.

The index for ‘Manufacture of Textiles’ sub-group declined by 0.1 per cent to 116.6 from 116.7 for the previous month due to lower price of knitted and crocheted fabrics (1 per cent). However, the price of viscose yarn (2 per cent) moved up.

The index for primary articles (weight 22.62 per cent) declined by 2.5 per cent to 139.5 from143.1 for the previous month. The index for fuel and power (weight 13.15 per cent) also declined by 3.1 per cent to 100.7 from 103.9 for the previous month. While prices of ATF, naphtha, HSD, kerosene, petrol, furnace oil, and LPG decreased, price of petroleum coke moved up.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.91 (provisional) in March 2020 compared to 6.58 (final) in February 2020 and 2.86 in March 2019, according to the Central Statistics Office, ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)